Warner Music Group, an American media and music giant, has recently expanded its metaverse approach by forming a relationship and investing in DressX, a digital clothing company. In accordance with the terms of the deal. Warner Music artists will be able to work with DressX directly. In order to create
December 17, 2022 2 mins read
In the Southern District Court of California, clients of insolvent cryptocurrency firms FTX and Alameda Research have filed a class action complaint against Silvergate Bank, Silvergate Capital Corporation, and Silvergate CEO Alan Lane. The lawsuit accuses Silvergate of playing a part in the collapse of FTX. By routing customer contributions
December 16, 2022 2 mins read
The Dutch central bank released a statement on Thursday saying that the cryptocurrency exchange KuCoin is operating illegally in the country. Bank documents reveal that KuCoin operates as a wholly owned subsidiary of MEK Global Limited (MGL), a Seychelles corporation. Although consumers of the exchange are not breaching the law,
December 16, 2022 1 min read
After being available to clients outside the United States since 2021. Binance US has now implemented the Binance Pay service for cryptocurrency transactions. Mobile users of the Binance app in the U.S may quickly trade roughly 150 supported cryptocurrencies without fees. The service went into beta internationally in February 2021
December 14, 2022 2 mins read
On Monday, reports surfaced that the U.S. Department of Justice (DOJ) is weighing whether or not to file criminal charges against Binance and its officials for money laundering. This has led to significant withdrawals. And high levels of user activity on the cryptocurrency market during the last two days. The
December 14, 2022 2 mins read
Chinese police in the Mongolian city of Tonglio have reported the arrest of 63 persons. For their role in a $1.7 billion cryptocurrency money laundering scheme that used the Tether stablecoin. According to the official statement released by law enforcement. The probe was initiated when a local bank saw a
December 13, 2022 1 min read
Reddit’s foray into tokenized avatars has been a ray of light in an otherwise gloomy crypto market. With NFT sales falling and the broader crypto market in disarray. Now, the Polygon-based project has reached a new milestone with more than 5 million collectibles having been minted so far. Furthermore, based
December 13, 2022 1 min read
Binance Labs, the venture capital arm of the biggest cryptocurrency exchange in the world, has announced it would lead a private round II for GoPlus Security. A move that is in line with the company’s aggressive investment ambitions despite the current bear market. Not much is known about the investment’s
December 12, 2022 1 min read
On December 10th, a flash loan attack was conducted using the Arbitrum-based Lodestar Finance lending protocol. An attacker, as reported by Lodestar, artificially inflated the value of the plvGLP token used on the PlutusDAO platform. And then used that token to drain the platform dry of all available liquidity. Lodestar
December 12, 2022 1 min read
Powered by its unique hashgraph technology—claimed as blockchain 2.0—the Hedera network has now released a FIFA World Cup Qatar 2022 metaverse game. Just in time for the growing excitement over the tournament. Reality+ and OTZ Sports have collaborated to release the Web3 game “Own The Zone.” In which players may
December 11, 2022 2 mins read